Culture is a set of learned rules of behaviour. These rules are short-cuts we apply to make sense of a complex world as our brain power is limited. (Henrich 2015)
The mental shortcuts provided by one's curlture are learn through imnitation and direct transmission, going back to the work of Hayek(1982, p157). (pg 66)
Consider a value that praise hard work, risk taking and wealth accumulation.
Another culture feature that we should consider in religon.
Weber(1905/1930): The Protestant Ethic and the "Spirit" of Capitalism
(Becker & Woessmann, 2009)
Another channel that Potestantism may have affected economic growth is through politics.
If Protestantism was good for growth, migh other religon be bad for it?
The answer depends on time and place, since it is unlikely that one religon is uniformly bad for economic growth.
Economic stagnation and political instabilty might be a by product lf how Islam was instruentialised by powerful eliets.
Culture have a presistent impact in economic growth.
Nexus of cultural beliefs
built on Banfield's observation
There are also some disadvantage in kin-based socieities:
Economist have long regonized that trust in an intergral part of economic exchange.
Most societies in histroy had cultural norms that restrict the capacity of women to work.